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, user's guide to taxes. big change is coming. he will get you prepared tonight . and america's worst charities, is essential advice on giving wisely this christmas. we're watching out for you tonight on "the willis report." ♪ gerri: welcome to "the willis report." your show, your money, your voice. tonight your health care costs. new warnings of how the architect of obamacare processing you can keep your doctor if you paid up with more on this, it has some fire, health fellow at the heritage foundation. dr. kevin campbell, cardiologists will we're talking about, over the weekend, ezekiel emanuel said that, yes, you can keep your doctor, but you may have to pay more. listen to this. >> he asked a question, if you like your doctor, you can keep it. did he not say that, sir? >> did not say you could have unlimited. >> a simple yes or no question. >> yes. if you want to pay more for an insurance company that covers your doctor, you can do that. this is a matter of choice. you pay more for a wider range of choices or wider range of benefits. gerri: you are a doctor. did this come as a s
be sold. be doing so. >> thank you, caroline. on he u.s. is clamping down tax evasion. urged to s are being participa participate. we have all the details. been talking about it. this could be the end of the ing -- bingeing. >> we are at the turning point they the americans believe $100 billion. u.b.s.. has gone after the department of justice saying you notice,ve given we want you on board and go for voluntary disclosures in terms names of people that you have helped evade taxes and swiss saying guys get on board with this program because don't you potentially face criminal investigation and fines. that s one way of jumping and staying in the u.s. and saying to the authorities look, numbers the names and and it definitely has had an impact. in terms of u.s. assets overseen byswiss banks it has dropped 70% and the americans said yeah swiss bank account and the amount of money. >> this is the disclosure. saying i think you should comply now otherwise they say spying. 14 banks are already involved in criminal investigation and go to the after you sites so you have credit suisse, h
financial institutions be willing to take on failing institutions when they might be taxed with the result? so, that's one issue of policy that we have to look at carefully. the committee was also concerned about one other thing that, which is really to me, in particular, and to other members of the committee, particularly troubling. and that is, that the, the charges that were placed against jpmorgan came after the chairman of the bank started to take on the government's policy in a number of areas. he was critical, i'm talking here of jamie dimon. he was critical of the, of the dodd-frank act and was critical of many other regulatory policies of the government. and, at the same time, he was in a sense, a spokesman for thing industry but an individual who was the chairman of a large bank then following those criticisms, came all of these charges against jpmorgan chase, which had previously been thought to be one of the healthiest and best-managed banks. so, the worry here is that the lesson that the government is, or the message that the government is sending is that, if you criticize the
minister , said that people are exempt from the tax. that is not true. will the deputy prime minister apologize and put the record straight? >> the honorable lady talks about standing up to better interests. this in the week that we discovered that the great courage of the later leadership -- of the labor leadership to stand up to the trade union -- >> order. this house should be the bastion of free speech. neither the deputy prime minister nor the learned lady must be shouted down. we will keep going with this session as long as it takes for proper order to be observed. the deputy prime minister. >> it should be the bastion of political parties free of vested interest. it is high time that the labor leadership do it they say and stand up to their trade unions. >> i suggest that he leave it up to us to leave it to our party members, especially as so many of them used to be his. given that for over 90% of people hit by the bedroom tax, there just is not a smaller property for them to move to. what would he have them do? >> under her government, for 13 years, housing benefits had people
the discussion over the past five years. hikes.looking at tax they are also not looking at significant cuts to medicare, security,or social which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. thingse also looking at -- a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. like can't there right now? why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible -- after all these failed budget agreements in the past, look we are not even going to go there this time. we are going to go for someth
's talk about a another bad role of some. tax is being cut in half. >> i think we have already seen taxes go for high income earners quite drastically your capital gains also went up. in order for you to save medicare, medicaid edentulous something will need to change. these programs will have to be saved, these are what the seniors depend on. americans, most of them-- this is something that has not been taxed. most people retiring have pretax dollars. >> another bad will obamas the bike can withdraw 5% for my portfolio. >>rule is for me to draw five percent for my portfolio. >> we are at half of that, we will look at a. lower interest rates because the central banks are buying their own bonds keep their interest rates low. you will need to have more equity exposure. you will have to deal with a little bit more and know that getting dividends, that is okay. also, bond alternatives. they are just not paying enough and at campbell's value. >>. london let's talk abo >> i am more like two to $4 million spread >> the idea is that a million dollars when you are a kid sounds like a lot a money b
listing means for the exchange. lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the s&p, it is up nearly 27% this year, which is the best year we have seen since late 1998. we have a big deal today. talking about the food company, u.s. foods reached a deal to merge. the total enterprise of the transaction everything included is actually over $8 billion. up 11.5%. back to you. adam: so, deal or no deal. negotiators in the house and senate work to hammer out a budget deal before the house leave
$100 billion. john: you said that? [laughter] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to raise taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the ddle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. jo: one final example some of the activists
it was reported the i.r.s. spent $4 billion in refunds to taxes to people who shouldn't have gotten them, 353 check toss one address in shanghai. 650 checks to lithuania. this is a level of incompetent on a scale because you have bureaucrats with paper, and crooks who have ipads. the second, what i've talked about going back to american enterprise speeches. we were just told with the passing of president nelson mandela that, even though he had visited five times, he was not delisted as a terrorist until 2008. now, how bad does the state department bureaucracy have to be in order to not notice that a sitting president is visiting the country and still on the list. finally something i want to ask governor abercrombie as an example -- >> i can't wait. >> i think this is one you'll be 100% with me. >> if you want a limited number of defense budget, wouldn't you rather see it spent at pearl harbor on real folks in the front lines than seeing it spent in thepentagon? every i.t. as it relates t obamca, relates to the defense partnt theyave a terrible procurement, wouldn't you -- speaking as an alum
japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a big issue for angela merkel. last week, the german foreign with the president will stop some of the opposition of the coalition is quite well known. he's a former world champion boxer. the interesting thing is
which is trying to make a big stink about this suggesting that they wouldn't, for example, allow tax cuts or other types of things for certain companies and not others, right? this is whether we should have tax cuts. >> this happens all the time. totally incestuous between public and private constantly. look at places like illinois now where any company that stays is getting some kind of a deal except probably the small ones. >> except the small ones. any company of any size is getting a deal. >> maybe the rolls should be across the board nothing? >> no. >> a friend of mine, joannea kagan. >> didn't bob kraft do it in foxborough? >> i don't know enough. >>> let's talk about the next story. if you work on wall street and are considering growing a beard, an article in "the new york times" says that while beards are in fashion right now, that is not the case in the finance industry. i guess it's okay in fashion, it's okay in design. a lot of different areas if you're a helpster but in the fashion world, gentleman, the argument goes it looks like you have something to hide. >> you could
the republicans oppose closing these loopholes, these tax loopholes. it is only the republicans in congress that oppose them, not republicans around the country. these loopholes are so big, you could drive the biggest vehicle in the world through them, mr. president. but we're where we are. despite the cost of the republican shutdown this fall, last week's jobs report proves the american economy continues to gain steam. private sector businesses have added more than eight million jobs over the last 45 consecutive months. if kweupbsz -- republicans insisted on short-term cuts that laid off teachers, firefighters, the economy would be growing even faster than it is today. mr. president, the presiding officer knows, we all know that we need an infrastructure program. for every $1 billion we spend as a government on infrastructure, roads, bridges, dams, highways, water systems, sewer systems, we create almost 50 thousand high-paying jobs. despite last week's good economic news, congress can and must do even more to create jobs for millions of americans who are still looking for work. unemployme
taxes, and i think we can tackle that over the next couple of days. the most recent gallop polls showed 9% of americans approve of the job that congress is doing. that's the lowest level in modern history. congress has passed 115 bills since january. >> every on single one of these bills have been blocked by washington and the democrats. they continue to stand in the way of the people's priorities. >> reporter: the list of legislation still to be accomplished clue includes the m bill. it expires january 1st. the house and senate are still billions apart on snap, the food stamp program. one of the sticking points has been what to do about dueling probations dealing with sexual assaults in the military. unless congress acts unemployment benefits will expire on 1.3 million americans. >> it's not just the right thing to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continue the benefits. >> we'll get the latest on the delib
to legal moonshining. now, tim and tickle talk about the tough transition with one big difference. >> taxes, taxes >>> some fans get way more than they bargained for at the ticket window. >>> meet an rtm viewer that scored big in our flat-screen tv giveaway but let someone else claim it. >> it is my son's 16th birthday so he wants the tv. >>> a very tense situation in how muchman city, vietnam. a lot of police officers gather around the building inside. they are dealing with a hostage situation. the negotiations have been going on for hours with police and the man inside. the negotiations are not going well. at one point, the man inside gets all the officers to leave. you'll see why in this moment of the video. watch the staircase. the man only in briefs has a knife and an eight-year-old girl as his hostage. he is waving the knife around. you see him trying to escape the police by holding the knife and holding the knife at this girl's throat. at that moment, a cop sneaks up and hits his arm with the knife. other police officers attack the man to the ground and yank this 8-year-old girl to s
and ready to get up a deal when we are supposed to. >> in the '80s and '90s we did not have just a tax increase of cuts but that have been dip this year that could have called is like having 400,000 jobs created because we're not in stimulus motive to do more. it was good news. >> so if we have a government is shut down assembly will have auarter reported taken off for gdp what a powerful economic engine and then we have third quarter gdp growth of 3.6% invested a couple years it a good jobs ever. i thought the sequester were to be devastating? >>. >> the more it cuts spending the better for the private sector when dispense the dollar i don't understand the logic. >> we pay people borrow money not to work and people are working. that does not make sense. >> to give emergency benefits where does the money come from? >> if we give you a tax cut they will put it in their pocket. >> we have to make sure that people need the jobs and food get it. >> with 47 million people? people largely a pretty good job. >> of course, the we should not said that giving a lot more welfare benefits was bett
the good land tax. so he gets to go see happen that way. the total attacks were carried out by ten members of the script in a bow. when the city into the unguarded arabian sea. our students as well as lower costs of the only terrorists both alive. the attack does have the support of august on intelligence agency isi the dax lost it for three days killing one hundred and sixty four people and injuring the gc hundred and eight the oldest least know where we'd just about to call up and executed. we are what give renewed. what do there because christy was iced in although the precise orbit then attacked them again the bank of course and they were good for being somewhat toward the iv and give it did i would have sought to push his word. this request will be assigned as a mark of the vehicle fuel. our cricketers white. nick was either pockets time these two boxes from the isi twenty one did you know you had to force users to the office on diets high in the photo quite adequately. the insight that the week. the agency's of going through physical and the divine did justice to be devoted to the vi
and we can do that by safing $2.34 trillion in the first ten years and not raise your taxes one penny. >> you know, when it comes to the president's plan and what's going to happen to it, congressman, tom delay, the former republican leader of the house, was telling me, don't even venture trying to fix it. it's a disaster. republicans should not try to repair it. even if it gave the impression that republicans are just out to oppose something, not create something. how do you bridge that gap between kicking the president's plan down the road, saying it's a disaster, and starting fresh, which would be your approach. >> exactly. we do need to start fresh because the first step out of the chute from the president's plan is the government runs things and the american people are seeing what that gets you. the republicans in the house, we in the house fought as hard as we could to delay this defun it, repeal it. the american people know that. now the american people are seeing this rollout, and why we fought so hard. increasing rem mums, decreasing access, the higher deductibles. this is ph
in the court said we have a number of that housing when it gets r5789d they get those huge tax loans can be ramgdz and much of the affordable housing open hunters point hill hazed begun thorough those renovation so definitely we have to think about how we crack most of the stuff we deal with is houses but we haven't figured out how to deal with multiple housing yet. and i think this is really the best ways to a learn by reaching anti them in the community. i hope we can reach out to other folks and have more meetings outside of city hall. it's fairly mulch to learn a lot of parpz and i hope to continue to partner >> just two items i wanted to thank the viral staff who helped to plan this is set up it takes a lot of energy to do this outside of city hall thank you to geronimo. i want to say this as part of the commissioners report new business the san francisco climate action strategy is complete it's hot off the presses. yes. role role huge congratulations to the staff (calling names) many other staff but this is going to be something i assume will be agenda listed either at full commis
people are going to react? >> people will say, what did i do to deserve this after all you pay your taxes, work for a living. you've been forced to change your doctor. you've been forced to pay more for inwhich you may or may not need but the second sticker shock which is as you point out, heather, deductibles. the study was done by health pockket incorporated which studies this kind of thing. the federal exchanges, they found out the bronze plan has an average deductible for individuals of $5081. let's point out that is money you've got to shell out from your own pocket before insurance coverage kicks in. $5081 for the bronze plan. i don't think that is affordable to a lot of people, heather. >> i thought it was interesting, they were taking a look at say one woman having a baby. if you look at these numbers, it's not covered. they pay all of it out-of-pocket, is that right? >> that's correct. the average cost of having a baby in some states, the states studied was over $6,000. if your deductible is $5081 and more for a family, your birth is not covered. this may result in some, not in t
. be the grandt lastin that dominated the three or four or five years. they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. host: like can't there right now? caller: --host: why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was poss
the memo from the supreme court. it is not a penalty. it's a tax. that tax will be 2.5% of your income in three years. that's how they're going to get, i guess, young people to voluntarily pay more than double. in wisconsin a young man 27 years old, on average his insurance costs will increase by 124%, from about $1,100 a year to over $2,400 a year. that is because of obamacare. the patient protection affordable care act. >> you have obamacare? >> they're trying to get it. we've only gotten a few members of our staff that have been able to sign up so far. i think they've got to sign up today in order to make sure it is in place. my staff is scrambling and my wife is trying to find insurance in the state of wisconsin. >> this week is going to be the medicaid week. the president and the white house are going to be talking about how great it is to expand medicaid. you're not against -- >> brian, we've got to remember in 2009 when this law was being debated, 85% of americans maybe were satisfied with the price of the health care but they liked the health care plan they were on. they liked
of startup businesses. regarding the effective corporate tax rates starting next fiscal year, we have decided to reduce by 2.4%. we will be moving forward with reviews and studies as to how corporate tax should be in order for cap -- japanese companies to stay competitive. there is no end to abenomics. the cabinet will approve the related policies on the growth strategy. we will announce the timing of their execution and administer these policies. >> there is a growing number of criticisms saying that abenomics is running out of steam after .oday by state a showed growth james, why was growth revised down? what is the readthrough for this when it comes to the prime minister's policies? growth was much slower than we expected. it was 1.1% annualized which is lower than the estimate and much lower than the 3.6% we saw last quarter. the two main factors here causing the slowdown were business investment which has stalled and companies drawing down inventories. are going to pick up this quarter and in the next quarter, going until april when the sales tax rises because people are going to be out
might introduce a bill that says we need to raise federal excise tax on large oil companies. you introduce that bill. what's going to happen when you introduce that bill? you are going to scare the daylights out of people in the business which is precisely what that bill was designed to do. they are going to come running to that office saying we are concerned about this bill. what's going on? and in the process they are going to start making donations and they may end up hiring family members of the legislator or former aides to serve as lobbyists. the milker bill of course can be reintroduced again next year and a year after and they can become a form of extraction that takes place and corporations in the basically paying protection money. the second technique is what you might call the toll booth technique. if you are a powerful chairman of the committee were you are in leadership and this has happened under both parties, you can ease and c-charlie charge companies and individuals in order for bills to actually go from the kennedy to being voted on the floor. it can be a very l
and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> this isn't a new channel, this is a watershed moment in media for america. >> this entire region is utterly devastated. >> people our here are struggling. >> the fire jumped the highway we took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back to doing the best in journalism. >> this is the place to go watch high quality journalism, period. >> on america tonight a r
there will be so many things swirling around. potentially increasing interest rates. things that may happen. tax increases, spending increases at the federal level. so many possibility it is difficult to disentangle-- >> is it really had a hard if millions of people have more money to spend we don't know what the effect will be? >> sure' we're talking about 300 million people and 15 million would be independentin benefitingfrom the wage increas. so in the context it will b be a small number. >> we are it will be a shot in the arm to the macro-economy, but it won't be huge. it would shift $35 billion to minimum wage workers. so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if y
! must be the honey! [ sparkle ] sweet. >>> now an investigation and spending of more tax dollars. parents taking to the courtroom to get more help for kids in the classrooms. some of the bay area's most vulnerable students are not getting the education they deserve. it's an issue affecting all students in public schools. >> the school district fought tremendously. it's an overwhelming and taxing process. >> reporter: for parents with students of disabilities, getting the public education their children are promised can be contentious. >> can you put it on the first pit? >> that's almost 700,000 kids each year. three were robin hansen's, including her son's jared, diagnosed with autism in fifth grade. >> i used to write letters about my children, you know, hey, this is going on. can you help me? and no one would answer me. >> reporter: despite the diagnosis, they refused to provide him with a class that works with autistic kids. instead, they placed him with children diagnosed with emotion flail disturbed. the district took hansen to court in a dpis put she eventually won. >> so m
of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumption tax hike but some people are already voicing concern consumption could fall after that. >>> on to the markets now, investors around the world encouraged by chinese trade data. they believe export numbers showed a pickup and the upward momentum is somewhat overshadowed of the fed may scale down its asset buying program. london down, frankfurt a gain of .1 of a percent. in asia, markets advance for the most part. tokyo's nikkei saw a 2.3% gain. that's the biggest daily advance since early september. a weaker yen boosted a wide range of shares today. also news about political happenings helped mumbai and bangkok shares. pro business pa
three years so i had to liquidate by 401 plan, i don't know how it's going to affect my taxes for next year, also the new health insurance law, i aoep not so sure how it will affect that. i was in hopes to get some money back to put into an ira in hopes to bring my income down for the year, but again, this is pretty much just a hardship case. >> thank you very much, any questions to the appellant, supervisor farrell? >> thanks for being here today. a quick question for you. have you talked to our department of public works? i know there's a question about a fee waiver. to be clear, that's what you're asking for? >> right, they did ask me about the deferral and i said no, i was going for the waiver or the reduction. >> okay, let me ask you a question then. in the alternative though, we can go through this process and we will right now with the waiver application. again, no one's prejudging anything here, given the way that things are going, i think it's doubtful. is a deferral something -- i would like to be as helpful as i can to ensure whatever we can do within the confines of how peo
nothing. they have done nothing about the longterm entitlements. nothing about restructuring the tax code. nothing. so basically, both sides have agreed to just move along, essentially not replacing the sequester entirely. so i wouldn't call that a victory, unless you're subject to the -- the soft bigotry of low expectations. >> dana, i knew you were going to quote george w. bush on affirmative action. >> and, of course, they have -- they have punted on the issue that is of very immediate concern, and that is the need to help these people, as they always have been helped in a difficult job market as this is now. so it would be, i think -- it would be startling if they did nothing and had all these people losing their unemployment benefits right in time for the christmas season. >> and perry? >> key distinction, the republicans for a long time have favored reducing unemployment benefits. right now, under federal law, you have up to 73 weeks of unemployment benefits. that's why -- there's a number that's been high, because the recession has been so difficult and people have a hard time find
with entitlements, the debt or tax reform and probably won't completely fix the sequester, but aides for senator patty murray and congressman paul ryan, the budget chairs working on the deal are at least determined to keep the government open and they think they can get the plan together for a vote later this week. one of the final sticking points in the deal could be unemployment. friday the unemployment rate dropped to 7%. that's the lowest since november of 2008. federal benefits expire at the end of the year and it's not clear if an extension would be included in any budget deal. >> i don't think we've reached that point where we've said this is it, take it or leave it. what i hear from patty murray, i spoke to her the other night, negotiations are making progress, moving in the right direction. >> i want to bring in our company, carrie budoff brown, ron fornier. good morning. >> good morning. >> carrie, is getting a deal done, if it does happen this week, a major milestone or is this the smallest possible thing they could do just to keep the government up and running? >> well, it's more sig
of access to state tax credit funding, the university concludes that it was not feasible to proceed with the affordable housing projects on block 7. >> thank you. >> okay. we had a question about commission's -- i apologize i thought i had a question about the developer's obligations or how the developers default so we're good. okay. so obviously i think everyone understand that the next big document that we're going to see is the ground lease and that will also answer a lot of our questions as to how this transaction will work but are there any other questions about the dda or release in assignment so can i entertain a motion? >> i think that i'm sure they will do a good job. they want to move this item. >> excellent. is there a second. thank you very much madam secretary will you call role? >> madam chair johnson. >> 4 ayes and one absent. >> the assumption is that vote goes with the changes that we discussed. thank you very much. madam chair will you call the next item. >> public comments on non agenda items madam chair? >> is there any public comment? we have one? >> jes
sent that to crooks, refunds for your taxes. when i say the crooks, 585 checks were sent to one address in singapore. [laughter] they sent over 850 checks to one address in lithuania and on one level we have to ask ourselves how we ended up with a government that is so mindless and incompetent that it could do this. if you had to choose this or spending it at the national institute of health and research, i would argue that it would probably be dramatically better. i know that this is a bold and outside of the box, unfair thing. what drives me crazy is that to the best of my knowledge there is no serious effort to think any of us through. i am writing a paper and here is the difference. the oversight hearings by when a group of congressmen get congressmen get together and they pontificate for the opening hour that this is is really bad, i can't believe how bad does. and i'm really embarrassed that this is so bad. and the bureaucrats come in and they all say, well, this is really not quite so bad, but it is pretty bad. and we feel really bad about how bad it is. and we want you to know t
and corporate tax rate with 5%. give parents more school choice and education tax credits and loosen visa rules to encourage entrepreneurs to open businesses. while those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per ild. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out thesuccessful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters support
that's easily construed as a tax. >> the house is a tricky part. the conventional wisdom is if it passes the house it can pass the senate. there are a lot of conservatives who don't want any spending, they are going to be flatly refusing it. the others will accept fees, does that count as a tax or something okay. and grover norrequisite has talked about this. he basically said he wasn't in -- norquist has talked about this. it's going to be close. >> brad, appreciate your time. thank you. >> thank you. >> he's from the washington post and joining us from washington, good to talk to you. >>> a brutal mix of ice, snow and bitter cold has become a really deadly mix from coast to coast right now. travel is dangerous. and if you have booked a flight you may want to call ahead before you get to the airport. chances are it would be a good bet. let's get a check on the weather system now with meteorologist dave warren. dave. >> yeah, it looks like the weather system is really holding together. it's moved out, we're getting a break between system, the pattern is really the same. w
to gay marriage or abortion they. and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down. >> we've seen a lot more economic mobility downward, when you have 20% of the people being rich, top 2% of the bracket, sometime that means that rich are getting richer, that is not a bad thing. melissa: if everyone is en insession cure. >> what you have seen is an ex askeex -- exacerbated by president obama. in the economy nothing is perfect, free markets they ebb and 'fro flow, you need a limitd government that gets out of the way. >> i agree, you need a strong middle class, the economic inequality is the main challenge of our generation, you have so many poor people, and s
to say, we are sorry, and sick and tired about a house of representatives that wants to give more tax breaks to millionaires and billionaires at the same time as the middle class disappears and we have more people living in poverty than any time in american history. so you asked me, ed, can we pass a minimum wage. if millions of americans -- and by the way, the polls are overwhelming. >> overwhelming. >> in favor of raising the minimum wage. if we make our republican colleagues an offer they can't refuse, and that is they ain't going to stay in congress unless they raise the minimum wage, unless they give us a jobs program. you know, we have youth unemployment today at around 20%. an entire generation not getting out into careers, earning a living. we have got to create millions of jobs, and we have got to pass legislation to protect the long-term unemployed. >> senator, what i'm hearing, the budget deal could not be good. that the republicans are holding the line, you're on the budget conference committee. will you allow unemployment benefits to expire? how heated is this going to be
times didn't make a mean cocktail come back in nineteen ninety so the idea was to throw away the tax bucks home to see amy's all of the year on more technical nights i don't like a man and actually physically go out with their feet with their angst. is it absurd and violence that we're pretty much familiar with but haven't been eating being paying much attention to it so that the taxes we could steal people young professionals and the gentle pop and even with our liking of background to co opt the ban on cd in the sec night. this is you know certainly sounds very exciting but how does the in taiwan and reacted to such a program in her own. we picked three different don like the detectives events in taipei. once we brought them to wash and went on into the creative part. people usually go there to attend activities in second time above and to see and hear him one of them. most antique places you'll go shopping and go see a movie and then the sky when we bought them to the old part of taipei the west side of taipei where we had beautiful architectural building so we send them out in t
top an elaborate tax regime had a was aimed at extracting as much money from aid agencies as possible. there were fees that aid agencies were forced to pay. it ranged from $500 to $10,000 in some cases. and there were additional taxes levied on aid agencies. they ranged from individual projects. at the same time al-shabaab was able to apply a robust monitoring and supervising of aid agencies where they recruited recipients of aid to report on humanitarian workers. in the end one could argue that these activity versus saved lives on the part of humanitarian workers, but at the same time it became a source of revenue for al-shabaab. >> so what are you recommending from this report, from your research. >> reporter: well, one of the challenges that aid agencies face are the laws and counter terrorism regimes that exist in the west. if they're exposed they could be prosecuted for this. one of the recommendations in the report there needs to be a conversation about the intent of these laws. the intent of these laws was not to starve people to death. obviously it was to make sure money does
takes our instructions from my brother tax and type two was prime minister here before that he was ousted in a militant killed in two thousand and six. he's been in ever since but he remains central to thai politics. he's a dog in the north in the northeast of thailand by four people mostly from its twenty stores in farming subsidies and welfare reforms including cheap healthcare but but but he's been filed by the middle classes in the elites in the capital bangkok bank think that those policies when not designed to to improve the loss of the pool but simply to bring him up out of banks which would enable him to that of abuse that cough up for his own trees and then it's more than that. talk about you to know what he's done if it's that time the reading caught the eye fi card in the middle to the country as he said. as an interim caretaker prime minister for not keeping that one to take him to behave within the next eight weeks we will see. you can walk back in oct is that fateful prime minister. well lest some mechanism is fronted with friends at me from running the tickets s
's accused of being under the influence of her brother. exiled former prime minister tax and housing tax is not wealth is in bangkok and he says protesters say that ministers concessions are too little too late. in terms of the protests to say they say this was not the final payment was on the road to victory for them than us the scene seems that coming through now and just been out there there's tens and tens of thousands of people out there on today's march and they say that they don't want just the dissolution of the house they say that at the current prime minister should not be in charge of any cats a coincident that governments and eighty two elections all and they say they won a total change of the natural system. they say they want appointed people's council and the cia a complete change the system they say it's been such a corrupted launched the in and minds by the end the political juggernaut started by as the brother of the current one is that sucks in sion was back in there the other two thousands. this nowhere does the minister go from here what options does she have. she c
. >> item 15 is a resolution approving a waiver of the payment in lieu of taxes for fiscal years 1991-1992 to 212-2013. >> this resolutions adopted, next item. >> item 16 is if resolution to authorize and direct the competitive sale of general obligation bonds not the exceed approximately 210 million for the san francisco general hospital improvement. >> same house in call, this resolution's adopted, next item. >> item 17 is a resolution approving the issuance of tax exempt obligations by the association of bay area governments finance authority for a non-profit corporations in an aggregate principal amount not to exceed 4 million 500 thousand to finance and refinance. >> same house, incall, this resolution is adopted. item 18. >> this is to resolution declaring the intent of city and county of san francisco to reimburse certain expenditures from proceeds of future bonded indebtedness authorizing the director of the mayor's office of housing and community dwomment. >> in-house incall, this resolution is adopted. >> colleagues we don't have any 2:30 special orders today, i would like t
choices and it goes nowhere. the earned income tax credit would help single moms trying to help their kids. there is also the idea of the private sector -- the private accounts for social security would have helped african-americans more than anyone, but republicans, any time they raise their hand with an idea, they get smacked and called a racist. >> the americaned income tax credit is still there. >> it is. but you can improve upon it so that mothers could make decisions based on their own needs for their kids. >> are you ready for me? >> yes. >> he is doing his whole cause a disservice because he is making a poor argument. because when you look at the reality and open a history book, you see it is the democratic party that has done a disservice to a generation of dprims and others who -- african-americans and others who south africa in poverty to poor communities. because this is getting everyone nowhere. that is what should be addressed and given a hard look instead of throwing out apartheid and reckless terms like that and comparing it to the united states today. >> but let's keep in
or sub headline of this third quarter revised gdp from japan is also the anticipation of the sales tax increase. ahab these companies falling back on inventories in anticipation that people will pare back buying after that increase. it lacks you hit it right on the head. on one hand, they gave. with the other hand, they take away. they lay on the sales tax. that squelches consumption. what they need to do is become with theironsistent taxation policy and realtor reform instructional reforms in general. >> they are almost passing the buck on to japanese consumers. >> that has always been the issue. we hope that the consumer sort it out. i think they are on the right track. if the consumer is behind the policy is behind the government, you really want to get japan right. you do have some political will and national sense of purpose. it is a question of whether they will stop making the wrong decision. >> we have talked about japan, but there's a lot more to talk about come including china, thailand, and all the rest. stick around. we will talk about that. the, investors welcoming latest
to swiss banks. francine come over to you. >> the u.s. is clamping down on offshore tax evasion. asked buts are being on regulars to participate in a program with american authorities. manus cranny's here at the latest on the story. is this the end of swiss banking secrecy as we know it? >> definitely a turning point. the french and the u.k. all depended on the whistleblower case. with the u.s. goes up in legal battering ram you can be pretty sure the rest will follow. wars on the cards as a department of justice saying listen, you can have a waiver, you can have an exemption, you have to sign up. the regulator and switzerland is saying get on board, get over yourselves. there are 300 banks enough to make the decision with the to join in on a voluntary program with the disclose information or indeed run the risk of quite significant fines and prosecution. >> that is a concern. if you don't sign up now voluntarily, further down the line they could have huge fines. be excluded from doing business in the usa. that is a critical part of the story. >> thank you, manus cranny. brazil's regulators
up their manufacturing process to meet a boost ahead of the sales tax hike next april. however, other figures out today weren't encouraging either. japan's current cut showed a surprise $1.2 billion deficit for the month of october. they were up 18% on strong car sales in china and north america. a sharp increase on fuel imports wiped it out. >> thank you. have a good evening. >>> reminder on what's on the agenda in asia, the constitution day holiday. china's november data continues to trickle through with industrial output and fixed asset investment figures. plus, november sales for the big tech firms are also due out. >>> and you heard makika talking about the numbers. ami, thank you for joining us. do you dismiss this downward revision of gdp on the basis that it was a rise in inventories or slower rise in inventories? >> yeah. it seems the hard thing to do was that. there's also some talks about corporate capex not being as vibrant as some people were hoping for. if you look at the bigger picture, the yen's been weakening over the last year. seeing the impact of the yen in the nex
would have to work 75 hours a week to have the after-tax income that this company thought was basic to a family budget, 75 hours a week. low wages aren't a problem just in the fast food industry. i don't want to just pick on wal-mart and mcdonald's. it's catching up in many other traditional jobs that used to be able to support a family. there may be fewer, better examples of this than in the banking sector. the banking industry in america last year posted $141.3 billion in profits. the median executive pay in the banking industry in america is $552,000 a year. and yet, a recent report found that 39% of bank tellers in the state of new york are on public assistance. low-wage worker is just not enough to get by. working 40 hours a week at 7.25 translates into $15,080 a year. that's about $400 less than the federal poverty level guidelines for a family of two. if you accept the sample budget that we've talked about, a worker making the minimum wage would have to work 75 hours a week to have the after-tax income necessary to make ends meet. working 75 hours a week at a minimum wage wit
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